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Federal Pell Grant
The Federal Pell Grant is the basic federal grant program for undergraduate students. Eligibility is determined by the information that is provided when a student completes the Free Application for Federal Student Aid form (FAFSA). The amount of the grant is based on the cost of attending the school, calculated expected family contribution (EFC), and whether you attend school full-time or part-time. Award levels vary up to a maximum of $5,550 annually for 2010-11 and do not need to be repaid.
Federal Supplemental Educational Opportunity Grant (FSEOG)
The Federal Supplemental Educational Opportunity Grant (FSEOG) program is for undergraduates with exceptional financial need. Pell Grant recipients with the lowest EFC’s will be considered first for a FSEOG. Just like Pell Grants, the FSEOG does not have to be repaid. Awards range from $100 to $4,000 per year.